By  on June 29, 2011

NEW YORK — Despite an unexpectedly drawn-out journey from Europe, Massimiliano Giornetti breezed into The Peninsula’s rooftop bar looking relaxed yet pulled together.

Travel, much like the current state of the global economy, is more often than not disruptive, but Salvatore Ferragamo’s creative director appears to be gliding by nicely. The same might be said of Salvatore Ferragamo SpA, which had its initial public offering today in Milan in a flotation that was expected to value the company at $2.1 billion. Ferragamo planned to float about 25 percent of its stock on the Milan Stock Exchange in a deal worth 379 million euros, or $545.2 million.

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